SHAH ALAM, Nov 25 — The Selangor state government presented its Budget for 2023 today totalling RM2.45 billion, comprising RM1.25 billion (51 per cent) for operating expenditure and RM1.20 billion for development expenditure (49 per cent).

Selangor Mentri Besar Datuk Seri Amirudin Shari said the state government has estimated a revenue collection of RM2 billion next year.

He said among the main contributors to the state’s coffers next year are land premium amounting to RM753.72 million, or 38 per cent of the estimated total revenue, followed by land tax amounting to RM570.51 million (29 per cent), and the third largest contributor being a federal grant of RM214.81 million (11 per cent).

"Taking into account the state’s expected revenue of RM2 billion and estimated expenditure of RM2.45 billion, there is a deficit of RM450 million in the 2023 Budget,” he said when presenting the Budget at the Selangor State Assembly.

He said the deficit is higher than in the 2022 Budget which had a RM293 million deficit due to disaster management preparations as a result of climate change and a provisional allocation to meet Selangor’s sustainable development needs. — Bernama